"The event is a fantastic opportunity for the city, not just in terms of the economic impact of visitor spend, but also in demonstrating Manchester’s strengths as a comprehensive conference destination and area of political significance.

“The Prime Minister and Chancellor have recently taken steps to renew their commitment to the Northern Powerhouse initiative, and we look forward to hearing how the party will work with Manchester and other cities across the North of England as our development continues.”

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Joanne Roney, chief executive of Manchester City Council, added: “Manchester is well-versed in capturing the country’s attention for major national events, with last year’s Euroscience OpenForum and Olympic Heroes Parade testament to this.

"So we look forward to welcoming another large-scale conference to the city, generating a significant boost to the regional economy and showing thousands of delegates the excellent visitor experience that Manchester has to offer.”

Business tourism generated £810m for the Greater Manchester economy in 2015, attracting 4.5million delegates to the city.

Conference and business events were estimated to support 21,900 direct jobs within Greater Manchester, and 40,100 jobs to the UK, when including the indirect jobs in the supply chain.

Foreign Secretary Boris Johnson and Chancellor Philip Hammond

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Shaun Hinds, chief executive of Manchester Central, said: “This is the biggest event in our diary and the team at Manchester Central is primed to deliver yet another successful conference on behalf of the city.

“This will be the ninth political party conference Manchester Central has hosted, which further establishes the city’s status as a leading conference and events destination.

"Without doubt, we will showcase the very best of what the venue and the wider city has to offer.”